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Knesset Unit Approves Purchase of Six Iumbo Jets for $260 Million

– The Knesset Finance Committee has approved the government’s purchase of six new Boeing jumbo jets for $260 million which includes four spare Pratt-Whitney engines. The aircraft–four 767s and two 737s–were originally ordered by El Al but the government refused to provide the financing until the carrier overcame the financial and personnel problems that brought it to the brink of closure this month.

The six planes, scheduled for delivery in 1982, will be retained by the government until El Al can restore its solvency. Should the airline be unable to meet the government’s conditions, the fuel efficient planes would command a good price on the world market where they are in great demand.